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Speaker 1: Okay, you cannot. You cannot expect. This is true in

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Speaker 1: all facets of life. If you're going to poke a

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Speaker 1: big bear, that think the big bearing will strike back eventually.

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Speaker 1: As someone who spent their entire adult life poking various

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Speaker 1: sized bears, you just got to accept that when you

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Speaker 1: anger somewhat of power or of influence or whatever, that

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Speaker 1: they are going to do everything in their power to

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Speaker 1: crush you. And sadly, I think our farmers are paying

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Speaker 1: for what Donald Trump is doing in the trade wars.

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Speaker 2: Yeah, let's be specific. We're talking about soybean farmers. You've

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Speaker 2: seen soybean fields.

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Speaker 1: They're beautiful, few and a fear of them, Casey, They're beautiful.

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Speaker 2: Yeah, they're entering harvest season and they're going to be

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Speaker 2: struggling because the largest buyer of soybeans is who China? Correct,

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Speaker 2: and guess what, China does not want American soybeans right

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Speaker 2: now because of the tariffs. Yeah.

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Speaker 1: So this this is where we talk about it, and

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Speaker 1: we come back to the thing with Elon Musk to

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Speaker 1: go full circle with the doge. When Musk came in

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Speaker 1: and we had Mitch Daniels on and talked with him

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Speaker 1: about this about how he reformed the State of Indiana.

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Speaker 1: Just because your cause is worthy doesn't mean you're going

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Speaker 1: about it in a worthy fashion. And what I mean

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Speaker 1: by that is people humans generally tend to consume bad

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Speaker 1: news better and incremental amounts. Now me, it's like I

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Speaker 1: crave conflict. So if you got something wrong with me,

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Speaker 1: you just put it out there, big boyd Let's just

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Speaker 1: have it out and be done with it. But most people,

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Speaker 1: you know what, you get more flat what's the thing,

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Speaker 1: You get more flies with honey honey than you do

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Speaker 1: vinegar bees or whatever. The saying is right, And in

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Speaker 1: the terms of the government reforms doesn't mean all that

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Speaker 1: stuff didn't need to be taken care of, but you

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Speaker 1: would have been far more effective showing people small victories

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Speaker 1: and over time building up so that people can get

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Speaker 1: used to the idea. They can understand, Okay, they took

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Speaker 1: that away. Look it turns out we didn't need it.

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Speaker 1: And then you build, which is what Mitch Daniels did

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Speaker 1: in the State of Indiana when he was in the

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Speaker 1: process of governmental reform. The same thing is true with

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Speaker 1: the tariffs, in which you didn't get in this mess

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Speaker 1: overnight and trying to get out of it overnight. One,

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Speaker 1: it recoils portions of the public who are going to

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Speaker 1: be paying more for things. We've seen the prices of

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Speaker 1: things continuing to increase, even though Donald Trump ran on inflation.

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Speaker 1: But it also alienates the people that you are doing

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Speaker 1: business with who do have leverage over you. We act

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Speaker 1: like this is we have become so dependent on China

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Speaker 1: for so many things, or some of these other countries,

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Speaker 1: but especially China that you what, thought there wasn't going

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Speaker 1: to be any blowback. There wasn't going to be any pushback,

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Speaker 1: and now China is executing their leverage that they have,

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Speaker 1: which they're always going to do anyway. But incrementalism and

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Speaker 1: building this up is you know, a ten year plan

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Speaker 1: or whatever would have been a far better process in

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Speaker 1: my mind than this, because now you're seeing industries that

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Speaker 1: are going to be directly, directly impacted and in a

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Speaker 1: major way. Yeah.

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Speaker 2: So, China historically was the largest buyer of US soybeans

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Speaker 2: and now they're sourcing them from South America instead. Thirty

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Speaker 2: percent of the soybean crop is typically exported, with China

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Speaker 2: being the main destination, and now smaller mart we're going

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Speaker 2: to be dependent on smaller markets like Japan and South

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Speaker 2: Korea and even Colombia, and the bushel the ten dollars

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Speaker 2: per bushel last year. It's cut down to around eight

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Speaker 2: dollars and eighty cents this year, cutting into the farmer's profits.

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Speaker 2: But here's the thing to consider. In the twenty four election,

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Speaker 2: Donald Trump won about seventy eight percent of the votes

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Speaker 2: from farming dependent counties. And now are they questioning that

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Speaker 2: decision because it's directly affecting them.

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Speaker 1: Oh, look, if you're going to enter the world economy,

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Speaker 1: you have to accept there's going to be intense ramifications

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Speaker 1: if you try to strong arm. And I'm look, I'm

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Speaker 1: not saying China doesn't need to be put in its place,

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Speaker 1: but you cannot. If you're going to do it all,

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Speaker 1: and we'll try to do it all in one swipe,

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Speaker 1: expect that there's not going to be some pretty serious

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Speaker 1: ramifications for doing that. It's true with any facet of

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Speaker 1: your existence. And that's why from the beginning, whether it

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Speaker 1: was DOGE or whether it was the tariffs, I have

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Speaker 1: advocated for a more measured, long term approach that will

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Speaker 1: over time solve the issue, but without hopefully the sort

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Speaker 1: of blowback that we're about to see on things like

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Speaker 1: farmers being able to sell their soybeans to other countries.

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Speaker 2: It's not only affecting this year, though. You have to

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Speaker 2: consider what this is doing long term, because young farmers

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Speaker 2: are the most who are at risk because they lack

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Speaker 2: the net worth and working capital that older farmers have

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Speaker 2: to sustain them through the hard times the financial strain.

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Speaker 2: It's making it really tough for them. So, I mean

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Speaker 2: bankruptcy filings among farmers have soared in twenty twenty five.

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Speaker 1: You just hit it out of the park with that casey,

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Speaker 1: And because what you're seeing is a new generation of

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Speaker 1: people taking over these long held family farms who between

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Speaker 1: the property taxes which weren't addressed in the property tax

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Speaker 1: bill with any sort of viability and things like this,

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Speaker 1: they just simply say, WELLY could just sell this and

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Speaker 1: make it a housing development.

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Speaker 2: Or put a data center there.

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Speaker 1: Right exactly. So, like all of these things are at play,

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Speaker 1: and when you keep making it harder for people to

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Speaker 1: make money in a profession, they're going to just leave

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Speaker 1: the profession. And farming is absolutely no different